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No Private Damages Found Under SEC Takeover Rules
IN A DECISION of first impression, the U.S. Court of Appeals for the Second Circuit ruled yesterday that no private damages remedy exists for violations of a federal securities law designed to inform investors about the possibility of a hostile corporate takeover. Writing for a unanimous panel, Judge Guido Calabresi held in Hallwood Realty Partners LP v. Gotham Partners LP, 01-7246, that a failure to comply with �13(d) of the Securities and Exchange Act did not give rise to a claim for money damages. RatheJudge forecasts 2013 trial date in Toyota MDL
The first trial in the multidistrict litigation against Toyota Motor Corp. over sudden, unintended acceleration won't begin until early 2013, a federal judge said on Friday.U.S. District Judge James Selna in Santa Ana, Calif., who is overseeing the MDL involving more than 200 lawsuits, asked lawyers on both sides during a status conference to select three to five "bellwether" cases by April 15 that might be suitable for trial.Ineligible Pro Hac Vice Attorneys, In-House Counsel and Multijurisdictional Practitioners
Notice to the bar.Software Development Deals: Parting Can Be Sweet Sorrow
Businesses and other organizations frequently purchase licenses to major pieces of software along with related services, such as customization or other support of the software. But if the software provider retains title to the software, what can the customer continue to do with the software after the business relationship ends? The answer, says attorney Alan J. Haus, is found by understanding the difference between owning a copyright and owning a copy of a work, and examining the contract language.Judicial Profile: James Ritchie
On a recent morning in his San Rafael courtroom, Judge James Ritchie, who has spent most of his judicial career in criminal court, didn't hesitate to wade into a thicket of complicated civil cases. He aggressively but politely engaged the attorneys with questions and suggestions, trying to find common ground or move toward a solution. According to Charles Cacciatore, a Marin deputy DA, the judge's actions that day reflect his style, "He's always trying to do the right thing, listens to both sides."Thelen Reid Responds to Associate Raises With Two-Tier Pay Scale
On Friday, Thelen Reid Brown Raysman & Steiner became the last major California law firm to announce its response to the wave of associate salary increases. The firm has also created a two-tier compensation structure that pays most associates either $145,000 or $160,000, based on how many hours they work -- a system the firm says is a response to associates' concerns about work-life balance. Fenwick & West went to a similar system when it raised salaries in May -- but few other firms have elected to do so.Trending Stories
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